China Pacific Insurance (Group) Co<601601>, the country’s third largest life insurer by premium, said the unaudited premium income from its two units amounted to RMB 82.9 billion in the first ten months of this year, according to its filing with the Shanghai Stock Exchange
During the Jan.-Oct. period, premium income of China Pacific Life Insurance totaled [...]
Investment firm ARC Capital Holdings Ltd ARCHu.L reported a 6 percent slip in full year pre-tax profit on Friday, but said its investments would benefit from resilient domestic growth in China.
ARC, which invests in China and neighbouring Asian countries, posted a full year pre-tax profit of $38.3 million, down 6 percent from the same period [...]
Hong Kong stocks rose 2.9 percent on Friday, as U.S. stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring.
But the main index finished the week 6.5 percent lower, its worst weekly performance in three weeks, on bleak economic data, job [...]
A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 percent stake in American Life Insurance Co (Alico), a unit of AIG (AIG.N: Quote, Profile, Research, Stock Buzz), in a deal that could be worth up to $10.6 billion, Japan’s Nikkei business daily reported on Friday.
The paper said [...]
Japanese trading house Itochu Corp (8001.T: Quote, Profile, Research, Stock Buzz) said on Thursday that it would buy a 20 percent stake in Chinese food processing company Ting Hsin for $710 million to take further advantage of fast-growing demand.
Tags: investment, Stock
Chinese stocks rebounded on Wednesday, led by oil refiners on hopes that the introduction of a fuel tax in China would lead to higher gasoline prices and improve their refining margins.
Sinopec (600028.SS: Quote, Profile, Research, Stock Buzz), the biggest refiner, surged 8.67 percent to 8.27 yuan in heavy trade and PetroChina (601857.SS: Quote, Profile, Research, [...]
